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Category archives for Crude Oil

Aramco plans to cut official oil selling prices in November For its customers in Asia

  • 30 September, 2021
  • 3:01 pm EEST

While the oil markets are waiting for the fifth of the month, when Aramco usually announces the official selling prices for crude to its customers around the world, sources expected the Saudi company to reduce prices for its customers in…

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Asian markets face a quarterly loss as the dollar rises on tightening prospects.

  • 30 September, 2021
  • 12:22 pm EEST

The dollar hovered below the previous session's one-year highs on Thursday on growing expectations the U.S. Federal Reserve will tighten policy in coming months, while Asian shares were headed for their worst quarter since the pandemic hit. Resolving "tension" between…

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Broad-based bounce for the STOXX

  • 29 September, 2021
  • 11:22 am EEST

STOXX 600 up 1% Most sectors in the black, tech recovers Royal Mail hit by downgrade U.S. stock futures rise European shares are off to a positive start this morning with the STOXX 600 .STOXX up around 1% in a…

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Sweden.. Restarting an oil-powered power plant Because of the high prices

  • 27 September, 2021
  • 3:51 pm EEST

Uniper has started operating the Karlsman power plant in the southern Swedish county of Blekinge, which is fueled by oil, The Local.SE website reported. The company had suspended the operation of the station, due to the high oil prices, and…

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Following in Aramco’s footsteps, Kuwait cuts oil prices to Asia in October

  • 10 September, 2021
  • 2:55 pm EEST

Kuwait reduced the official prices for selling crude oil to Asia for the month of October, by more than the cuts announced by the Saudi Aramco oil company. And a pricing document stated, today, Friday, that Kuwait reduced the official…

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